Morgan Stanley: Maintains "overweight" rating on WUXI XDC(02268) with a target price of 34.8 Hong Kong dollars.
The company announced strong performance in 2024 in advance, and proposed a performance growth guidance of at least 35% in 2025. The company is confident in achieving a compound annual growth rate of about 31% above the industry average between 2024 and 2030.
Morgan Stanley released a research report stating that they are maintaining a "buy" rating for WUXI XDC (02268) with a target price of 34.8 Hong Kong dollars. The company has already announced strong performance for 2024 and has set a performance growth guidance of at least 35% for 2025. They are confident in achieving a compound annual growth rate of around 31% from 2024 to 2030, exceeding the industry average.
The bank stated that WUXI XDC will launch the DP3 plant in mid-2025 and start production in Singapore by the end of 2025, preparing for global commercial projects. Morgan Stanley believes that the positive 2025 guidance and solid long-term goals further highlight the group's continued rapid growth trend.
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